Hut 8 Shares Slip After Analyst Downgrades and Earnings Miss

Northland Securities cut its Q3 2026 earnings estimate for Hut 8 Corp. to a loss of $1.06 per share, down from a prior forecast of a $0.21 loss. The company reported a Q3 loss of $1.27 per share and revenue of $72.66 million, both missing consensus expectations.

Following the earnings miss, Keefe, Bruyette & Woods lowered its price target for the stock to $154 and kept an outperform rating. The downgrade contributed to a 2.3% decline in Hut 8 shares during mid‑day trading, with the price falling to $90.65 after briefly trading as low as $88.01. Other analysts have also adjusted target prices and ratings for the bitcoin‑mining firm amid the broader AI infrastructure deal it secured.

Insider activity was noted, with director Amy Marie Wilkinson selling 20,000 shares at an average price of $100.78, and insider Victor Semah selling 10,000 shares at $125 each.